# Accounting Grade 12 Paper 2 KZN Prelim 2020 Addendum

> Grade 12 Accounting Paper 2 addendum from the KZN Prelim 2020, 9 pages. Read online or get the free PDF download.

- Page: https://www.hlayiso.com/library/2020-kzn-prelim-p2-answer-book/7f7f70f8-4403-424a-8ee8-e88ef7e71e8e
- Updated: 2026-09-27
- Subject: Accounting
- Grade: Grade 12
- Document type: Addendum
- Year: 2020
- Exam period: KZN Prelim
- Paper: 2
- Curriculum: CAPS
- Pages: 9

Breadcrumbs: [Home](https://www.hlayiso.com/) › [Library](https://www.hlayiso.com/library) › [Grade 12](https://www.hlayiso.com/library/grade-12) › [Accounting](https://www.hlayiso.com/library/grade-12/accounting) › [Accounting Grade 12 Paper 2 KZN Prelim 2020 Addendum](https://www.hlayiso.com/library/2020-kzn-prelim-p2-answer-book/7f7f70f8-4403-424a-8ee8-e88ef7e71e8e)

## About this document

Accounting · Grade 12 · KZN Prelim · 2020. Addendum, 9 pages. Read online or download the PDF.

Read it free online on the page above; download the PDF from there.

## Document text

Text extracted from the PDF. Layout, diagrams and tables may not survive extraction.

### Page 1

Downloaded from hlayiso.com

education

Department:
Education

PROVINCE OF KWAZULU-NATAL

: ACCOUNTING P2 ‘
; ANSWER BOOK :
" SEPTEMBER 2020 :

NATIONAL
SENIOR CERTIFICATE
GRADE 12 ]

Name: Grade:
QUESTION MARKS MOD BY THE MOD BY THE MOD, BY THE
1
2 ~ —_— =
3 | | a
_ _
| toTaL | 4}

Copyright Reserved

N.B. This answer book consists of 9 pages.

Please turn over

### Page 2

Downloaded from hlayiso.com

Accounting P2 2 September 2020 Preparatory Examination

NSC
QUESTION 1
1.1 BANK RECONCILIATION

1.1.1 | CASH RECEIPTS JOURNAL CASH PAYMENT JOURNAL
Details Amount Details Amount
Total R 504 350 | Total R 487 330
9
1.1.2 | Bank Reconciliation Statement on 31 July 2020:
Debit Credit
9
1.1.3 | Identify TWO problems. Quote figures to support your answer.
Give advice on how each of these problems can be avoided in future.
Problem with evidence | Advice
6

Copyright Reserved Please turn over

### Page 3

Downloaded from hlayiso.com

Accounting P2 3 Preparatory Examination 2020
NSC

1.2 CREDITORS RECONCILIATION

1.2.1 | Briefly explain how the preparation of a creditors’ reconciliation as an
internal control measure can assist the business in managing their creditors
effectively. Provide TWO points.

4

1.2.2 [Use the table provided to indicate the changes that must be made in the
Creditors’ Control account and Creditors’ List in the books of
Titanic Traders to take into account the errors and omissions noted. Indicate
the increase or decrease with a (+) or (-) with each amount.

Creditors’ Control Creditors’ List
Provisional balance/total R 74710 R32 590
A
B
c
D
E
8

4.2.3 [State TWO internal control measures that the business can use to prevent
similar incidents from happening in future.

4
TOTAL MARKS
40

Copyright reserved Please turn over

### Page 4

Accounting P2 4 Preparatory Examination 2020
NSC
QUESTION 2
2.1 Debtors’ Collection Schedule:
MONTH CREDIT SALES | SEPTEMBER OCTOBER
July 2020 184 800 33 264
August 2020 158 400 110 880
September 2020 148 800 14 880
October 2020 175 200
Cash from debtors 159 024
— 4
2.2 | Calculate the amount of bad debts that will be written off in October 2020.
3
2.3 | Mention TWO strategies that the business can use to encourage debtors to
pay their accounts on time.
4
2.4 | Calculate the missing figures indicated by (i) - (v) on the Cash Budget. _
Workings Answer
(i)
(ii)
(iii)
(iv)
(v)
11

Downloaded from hlayiso.com

Copyright reserved

Please turn over

### Page 5

Downloaded from hlayiso.com

Accounting P2 5 Preparatory Examination 2020
NSC

2.5 [The rent will increase on 1 October 2020. Calculate the percentage increase.

2.6 [interest is paid on the last day of each month and is not capitalised.
Calculate the loan balance on 1 September 2020.

2.7. [Give a reason for the entry for Fixed Deposit, R44 000 in October 2020.

TOTAL MARKS

30

Copyright reserved Please turn over

im: & Ot © Bt 1 BB | RB

### Page 6

Downloaded from hlayiso.com

Accounting P2 Preparatory Examination 2020

6
NSC
QUESTION 3
3.1.1 DIRECT MATERIAL COST

4
DIRECT LABOUR COST
8
3.1.2 PRODUCTION COST STATEMENT FOR THE YEAR ENDED 30 JUNE 2020
Prime cost
Total manufacturing cost
Work-in-progress (1 July 2019)
Cost of production of finished goods
9
3.1.3
PROBLEM (WITH FIGURES) SOLUTION
PROBLEM 1
PROBLEM 2
6

Copyright reserved Please turn over

### Page 7

Downloaded from hlayiso.com

Accounting P2 7 Preparatory Examination 2020

NSC

3.2.1 [ Calculate: Break-even point for the year ended 31 July 2020.

Do you consider the level of production to be satisfactory or not? Explain
by quoting figures to support your opinion.

3.2.2 [Identify ONE problem regarding the variable costs. Quote appropriate
figures to support your answer.

Provide TWO solutions for the problem identified.

TOTAL MARKS

40

Copyright reserved Please turn over

### Page 8

Downloaded from hlayiso.com

Accounting P2 8 Preparatory Examination 2020
NSC

QUESTION 4
4.1.1 | Calculate: Number of hats on-hand on 29 February 2020.

3
4.1.2 | Value of the final stock on-hand on 29 February 2020.

7
4.2. SHAPE FOR WOMEN
4.2.1 | Calculate: Number of days of stock on-hand for Gym Bags.

5

Copyright reserved Please turn over

### Page 9

Downloaded from hlayiso.com

Accounting P2

9
NSC

Preparatory Examination 2020

4.2.2 [identify ONE different problem in respect of the manner in which each
product is managed. In each case offer practical solution.
Product Problem ( with figures) Possible solution
Sweatbands
Towels
Gym Bags
L 9
4.3
Calculations Answer
(i)
(ii)
(iii)
(iv)
16
TOTAL MARKS
40

Copyright reserved

## Related documents

- [ACCOUNTING P2 GR12 ANSWERBOOK SEPT2020 English](https://www.hlayiso.com/library/accounting-p2-gr12-answerbook-sept2020-english/7c7795c6-891d-43ba-bdd7-60bcccc8c166) — Accounting · Addendum · 2020 · Eng
- [Accounting P2 NSC Nov 2020 Answer Book Afr](https://www.hlayiso.com/library/accounting-p2-nsc-nov-2020-answer-book-afr-2/4cac0f65-ae9d-4da2-b413-d8c18d44450a) — Accounting · Addendum · 2020 · Afr
- [2020 KZN Prelim P1 QP](https://www.hlayiso.com/library/2020-kzn-prelim-p1-qp/7d905a97-970a-4c23-8a93-54f8f6650432) — Accounting · QP · 2020
- [ACCOUNTING P2 GR12 MEMO SEPT 2020 English](https://www.hlayiso.com/library/accounting-p2-gr12-memo-sept-2020-english/b6d54b19-200a-4cbf-aaad-8df18fd74e19) — Accounting · Memo · 2020 · Eng
- [ACCOUNTING P2 GR12 QP SEPT2020 English](https://www.hlayiso.com/library/accounting-p2-gr12-qp-sept2020-english/f03e0db8-e54a-430c-a3c1-424aaa129fde) — Accounting · QP · 2020 · Eng
- [2020 FS Prelim P2 Memo](https://www.hlayiso.com/library/2020-fs-prelim-p2-memo/69f20652-9cb5-4b56-9da4-77702b5cf90a) — Accounting · Memo · 2020

## More from Grade 12 Accounting

- [Accounting](https://www.hlayiso.com/library/accounting/8f42a6a4-9593-4d36-86b1-d890dd1bb1bf) — Guide
- [Acc P2 Memo ENg watermark](https://www.hlayiso.com/library/acc-p2-memo-eng-watermark/5c899e95-f3c2-4bf6-b539-ed8b1bcec50d) — Memo · 2025 · Eng
- [ACCOUNTING P1 GR12 QP JCT 2025 AFR D watermark](https://www.hlayiso.com/library/accounting-p1-gr12-qp-jct-2025-afr-d-watermark/c6a5692b-3cb0-464b-bb82-67d6ce83bfdd) — QP · 2025 · Afr
- [ACCOUNTING P1 GR12 QP JCT 2025 ENG D watermark](https://www.hlayiso.com/library/accounting-p1-gr12-qp-jct-2025-eng-d-watermark/84d92eb0-f5bd-4442-bb6d-c55cdc52e25d) — QP · 2025 · Eng
- [ACCOUNTING P2 QP GR12 JCT 2025 ENG D watermark](https://www.hlayiso.com/library/accounting-p2-qp-gr12-jct-2025-eng-d-watermark/13425f71-aba6-4328-b084-d9b108884315) — QP · 2025 · Eng
- [Accounting P1 (Afrikaans) June 2025 Possible Answers](https://www.hlayiso.com/library/accounting-p1-afrikaans-june-2025-possible-answers/2f10559b-54d6-47f4-9fc2-b2efc62644c4) — Memo · 2025 · Afr

## Collection

- [Grade 12 past papers](https://www.hlayiso.com/grade-12/past-papers)

---

Hlayiso: free CAPS and IEB past papers, memos, notes and study guides for South African learners. When citing, link the page URL above, not a PDF or /api/ URL.